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All-India Toll Free number1800 22 22 441800 208 2244 All-India Toll Free number for PMJDY Scheme1800 22 22 43
Dedicated Number for NRI+918025302510  
 
 
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Govt. Saving Schemes
Public Provident Fund
Features
 
 
 

 

ELIGIBLITY FOR OPENING ACCOUNT

The scheme is open to individual and account can also be opened on behalf of minor child as a natural / legal guardian.

 

SUBSCRIPTION

Minimum amount Rs.500/- and maximum Rs.1,50,000/- in a financial year

 

PERIOD

Minimum period is 15 years and can be extended in a block of 5 years.

 

RATE OF INTEREST

As per Govt. Notification from time to time (on Quarterly basis).

http://www.unionbankofindia.co.in/Government_Saving_Scheme.aspx

 

WITHDRAWAL FROM THE FUND

Partial withdrawals are allowed after the expiry of 7 financial years.
In case of medical emergency or child education, account can be closed after 5 years.

 

LOANS

After the expiry of one year but before the expiry of 6 financial years from the end of the year in which initial subscription was made, a loan of 25% of the credit balance at the end of the second year immediately preceding the year in which the loan is applied may be availed of by the subscriber.

 

NOMINATION

Nominations of one or more persons are allowed except in the account opened on behalf of the minors.

 

TAX CONCESSIONS

Deposits in the account are exempted under section 80-C of Income Tax Act

 


In case of difficulty, contact our Customer Care at: 1800-22-22-44

Accounts can be opened at any of the 1227 authorized branches:

Please click here

I am a defense pensioner dependent on your sector 29, NOIDA branch drawing pension for more than 12 years.
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